German fintech startup Zeitgold announced the closing of a €4.2 million Seed round. Investors include Holtzbrinck Ventures and US-based Battery Ventures.

Zeitgold’s goal is to help small business owners manage paperwork quickly and easily. The startup combines expert knowledge with artificial intelligence to create an end-to-end solution for the financial management of cafés, restaurants, retailers, and other small businesses. Zeitgold helps small businesses to manage bookkeeping, payroll, invoice payments, and coordinate with tax advisors. All of this can be done in less than 10 minutes per day from the owner’s smartphone. The startup is supposed to save business owners around 10 hours per week.

The Berlin-based startup was founded in 2015, and already employs a team of 20 people.

Read more: EU Startups

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